Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$461,908$454,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.300%7.400%
Blended rate6.850%7.640%
1st payment$2,886.86$3,146.87
2nd payment$0.00$0.00
Taxes / mo$212.67$212.67
Insurance / mo$166.67$166.67
MI / mo$213.76$90.90
HOA / mo$75.00$75.00
Total monthly$3,554.96$3,692.10
Cash to close$43,092$50,500